For producer groups of reps who share the same office space with the intention to function as one business unit and utilizing straight-through processing through Docupace, we have developed a special allowance.
The formula is as follows for trailing 12-month GDC only: Total Group Gross Dealer Concession times 70%.
Note: At year end, those with trailing 12-month GDC lower than their current payout level will be granted 12 months to reach current payout level before a payout correction is applied.
The payout advantage of the producer group can be paid to all of the members, or to any one or more members.
Producer groups are not eligible for recruiting compensation for additional members of their own group. That amount can be applied against the grid to determine the payout for all of the members of the producer group.
|Total Group GDC||$265,000||
|Multiplied by 70%||$185,500||85.0%|